International Personal Finance to repurchase €21.91 million 11½% notes

By Susanna Moon

Chicago, May 22 - International Personal Finance plc said it agreed to repurchase €21,912,000 of the 11½% guaranteed notes due Aug. 6, 2015.

The repurchase is related to the company's strategy to diversify and extend funding, according to a company press release.

The company plans to issue €40 million 4¼% four-year euro bonds, with settlement set for May 23.

The home credit company is based in Leeds, England, and caters to those in Poland, the Czech Republic, Slovakia, Hungary, Mexico, Romania, Lithuania and Bulgaria.

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